AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
NetApp Upgraded to Positive at BWG Global
ByAinvest
Monday, May 19, 2025 6:07 pm ET1min read
BWG Global upgraded its view of NetApp (NTAP) to Positive from Mixed, citing checks. NetApp is working with Nvidia to support Nvidia AI Data Platform reference design. The upgrade reflects BWG's confidence in NetApp's performance and potential for growth.
NetApp (NTAP) has seen a positive upgrade in its stock outlook from BWG Global, moving from a Mixed to a Positive rating. This upgrade reflects BWG's confidence in NetApp's performance and potential for growth, particularly in the context of its collaboration with Nvidia. The upgrade comes on the heels of NetApp's recent partnership to support Nvidia's AI Data Platform reference design, signaling BWG's belief in the company's ability to leverage this technology to drive future success.NetApp's stock has shown strong performance recently, closing at $99.53 in the latest trading session, a +1.12% increase from the previous day [1]. This performance outpaced the S&P 500's 0.73% gain and the Dow's 0.64% loss, while the tech-heavy Nasdaq added 1.61%. Over the past month, NetApp's stock has risen by 18.19%, leading the Computer and Technology sector's gain of 11.93% and the S&P 500's gain of 9.07%.
Investors are eagerly anticipating NetApp's earnings report, scheduled for May 29, 2025. Analysts predict an EPS of $1.89, indicating a 5% growth compared to the same quarter last year. The revenue is forecast to reach $1.73 billion, representing a 3.42% increase over the prior year. The company's Zacks Rank is currently at #3 (Hold), with a Forward P/E ratio of 12.71 and a PEG ratio of 1.48.
The Computer-Storage Devices industry, of which NetApp is a part, ranks in the bottom 10% of all industries, according to the Zacks Industry Rank. However, BWG's upgrade suggests that the industry may be poised for improvement, particularly with companies like NetApp demonstrating strong performance and strategic partnerships.
References:
[1] https://www.nasdaq.com/articles/netapp-ntap-surpasses-market-returns-some-facts-worth-knowing-0
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet